Blake and Ali Poore Team
Goochland, VA
Single-Family Homes
Compass
Goochland, VA
Tue Aug 09 2022
This week the median list price for Goochland, VA is $649,950 with the market action index hovering around 41. This is less than last month's market action index of 51. Inventory has decreased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $649,950 | |
| Median Price of New Listings | $654,450 | |
| Per Square Foot | $220 | |
| Average Days on Market | 68 | |
| Median Days on Market | 77 | |
| Price Decreased | 47% | |
| Price Increased | 27% | |
| Relisted | 33% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $696,416 | 2,925 | 0.5 - 1 acre | 4 | 3.5 | 0 | 0 | 0 | 77 |
| $667,630 | 3,075 | 0.5 - 1 acre | 4 | 3.5 | 0 | 1 | 0 | 35 |
| $584,450 | 2,438 | 0.5 - 1 acre | 3 | 3 | 0 | 1 | 0 | 59 |
| $344,500 | 1,807 | 2.5 - 5 acres | 3 | 2 | 28 | 0 | 0 | 98 |